Levi Strauss gains from discount line and restructuring
Levi Strauss & Co profit for the third quarter more than doubled to 26.7 million as the firm benefits from a new lower priced jeans line at Wal Mart and reduced marketing and admin costs. Net sales rose 6 percent to 1.08 billion amid ongoing restructuring including plant closings and 2,000 job cuts.
MENTIONED IN THIS ARTICLE
Levi Strauss & Co
Wal-Mart Stores Inc
Levi Strauss
Joy Talavera
Levi Jeans
Daniel Passos
San Francisco
Ford to Cut 3000 Jobs Across North America
Ford Motor Co will eliminate 1700 contract workers and 1300 salaried positions plus 50 salaried employees in North America by year end. The cuts align with Ford’s July cost-cutting plan to trim salaried automotive staff by 10 percent by 2003 end, announced by spokesman Oscar Suris. Jim Padilla notified workers in an internal memo.
MENTIONED IN THIS ARTICLE
Ford Motor Co
North America
Ford
Oscar Suris
Jim Padilla
Ford North America
Suris
Wal-Mart CEO predicts continued growth and store expansion
Wal-Mart Stores Inc plans up to 195 new stores and 160 renovations in the United States next year, adding about 50 million square feet of space. CEO Lee Scott says growth will not slow, with most new or upgraded sites being Supercenters averaging around 100 million in first year sales. Mike Duke notes strategic clustering of Supercenters can boost performance.
MENTIONED IN THIS ARTICLE
Wal-Mart Stores Inc
United States
Wal-Mart
Lee Scott
Mike Duke
Payless Elects John F McGovern To Board Of Directors
Payless ShoeSource of Topeka announced the election of John F. McGovern to its board with a term expiring May 2006. McGovern leads Aurora Capital LLC in Atlanta after prior roles at Georgia-Pacific Corp including EVP and CFO and earlier as vice president and director at Chase Manhattan Bank’s Forest Products and Packaging Division.
MENTIONED IN THIS ARTICLE
Payless ShoeSource, Inc
John F. McGovern
McGovern
Aurora Capital, LLC
Atlanta
Aurora Capital
Georgia-Pacific Corp
Chase Manhattan Bank
Lawrence plans northwest Lawrence industrial park rezoning
Duane Schwada leads Venture Properties Inc in proposing a 154.9 acre light industrial park northwest of Lawrence near the Lecompton interchange on the Kansas Turnpike. The group seeks rezoning from agriculture and aims to attract small users and larger sites for a distribution center with no detailed lot plan yet filed. The project would be at North 1800 Road and East 900 Road and is pending with Lawrence-Douglas officials.
MENTIONED IN THIS ARTICLE
Lecompton
Duane Schwada
Schwada
Lawrence
Douglas County
North 1800 Road
East 900 Road
Venture Properties Inc
Lawrence-Douglas
Wall Street Ends Third Quarter Mixed As Confidence Drops
Disappointing consumer confidence and Midwest business activity weigh on stocks on Tuesday, sparking a broad market slide that trims September losses. The Nasdaq climbs 10 percent for a fourth straight quarterly gain, while the Dow and S&P 500 log back-to-back quarterly advances. The Conference Board and PMI data show weaker demand, and investors caution profit taking at quarter end.
MENTIONED IN THIS ARTICLE
Edward Scavone
van der Moolen Specialists
Thomas Scavone
New York Stock Exchange
Wall Street
Midwest
Dow Jones
New York
Standard & Poor
Jock
The
Conference Board
Purchasing Management Association of Chicago
Kansas No-Call List Holds Amid Lawsuit Turmoil
The Kansas no-call act remains in effect and enforcement will continue despite a broad federal legal fight over the national do-not-call registry. Kansas Attorney General Phill Kline said a Shawnee County judge upheld the law after a telemarketer refused to cooperate with a state investigation. Regulators warned marketers nationwide that even with federal action unsettled, Kansas will vigorously enforce its roster and penalize violators, including up to 120000 dollar FCC fines for listed calls.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
Timothy Muris
Kansas
Phill Kline
Kline
Shawnee County
Branson
Congress
White House
Supreme Court
FTC
Federal Communications Commission
FCC
Michael Powell
Fcc.gov
Gas crunch threat to livelihoods from supply demand gap
A Republican task force warns that natural gas shortages and price spikes could threaten Americans livelihoods and life quality and push energy dependent industries and jobs overseas. The report says the supply chain is near breaking point and calls for increased gas resource development rather than conservation as lawmakers push an energy agenda overhaul.
MENTIONED IN THIS ARTICLE
Washington
America
Also Mentioned on This Page
Discount Line
Topeka Payless
Northwest Industrial Park
Clawhorn
Ljworld.com
Lawrence Developers
Chris Royer
Journal-World Graphic
Thesday’ York
Stock Exchange
the’ NY
SEC
SEG
William ‘Donaldson
Ee A
Jack Caffrey
J.P. Morgan
Dow
Donaldson
Alice
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